nil rated supplies
D.Srinivasulu (B.SC) (202 Points)
13 January 2019
explain about nil rated goods with example
4 Replies
Vinod Babu
(24196 Points)
Replied 13 January 2019
Nil Rate
This type of supply attracts a GST of 0%. Input tax credit cannot be claimed on such supplies. Some items which are nil rated include grains, salt, jaggery, etc.
This type of supply attracts a GST of 0%. Input tax credit cannot be claimed on such supplies. Some items which are nil rated include grains, salt, jaggery, etc.
Pankaj Rawat
(GST Practitioner)
(55062 Points)
Replied 13 January 2019
U/S 11cgst &, U/S 6 igst says: government has power to notify in public interest any goods and services to exempt or nil rate by issuing of notification.
Nil Rated : It is the supply of goods and services that have 0% GST.
Nil Rated : It is the supply of goods and services that have 0% GST.
pritesh
(CA Final student)
(7101 Points)
Replied 14 January 2019
Dear sir
nil rated supply made to register person where i need to report in 3b
nil rated supply made to register person where i need to report in 3b
Pankaj Rawat
(GST Practitioner)
(55062 Points)
Replied 14 January 2019
in table 3.1 , row (c)....................
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